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if he was talking he was -- if he was speaking he was lying. gerri: to me this is beyond the pale. you collier upon a lot of things, but calling him a liar seems way too much. >> you can say it takes one to no one in this case, but i do think it is very and presidential, and that is the danger for president obama, coming out of this debate because he failed, particularly because the left is so disappointed and in despair over his behavior, he has now to call on the left town. so the way to do that, of course, is to attack chronic mccollum a liar, do all kinds of things. the problem with that strategy is while it might energize the left to make the turn of the independence to he is going to need calming down the stretch. this is the time of the race when they are aiming for the general election, not the primary based in the city has to still rev up the primary. gerri: a long way to go. the tone and tenor of the campaign changing with jobs numbers which were shockingly positive. we discussed it earlier. let me read you some headlines from newspapers to how the media is treating this.
if he was talking he was -- if he was speaking he was lying. gerri: to me this is beyond the pale. you collier upon a lot of things, but calling him a liar seems way too much. >> you can say it takes one to no one in this case, but i do think it is very and presidential, and that is the danger for president obama, coming out of this debate because he failed, particularly because the left is so disappointed and in despair over his behavior, he has now to call on the left town. so the way...
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obama here, romney here, outside groups on behalf of romney evening it up, and labor comes in like this. the president will out spend mitt romney. lou: when you talk about the gorilla there, it's not just union money, but ground forces going to work. are you satisfied that governor romney has a sufficient ground force ready to meet what will be a daunting ground operation on the part of the president obama? >> well, i don't know state-by-state, but i have talked to some of the people involved in some of these states who are old political hands and know what's going on. in ohio, they are already blowing through the 2004 bush ground game metrics with one exception -- voter registration. you have -- neither party's done a good job on registration this year. yeah, wisconsin, ohio, virginia, i mean, all the reports you hear from people paying close tension to it is that the ground game is big, massive, and strong on the republican side, and let's be honest, it's going to be big and massive on the democratic side as well. enthusiasm will be higher on the republican side. that's the way when y
obama here, romney here, outside groups on behalf of romney evening it up, and labor comes in like this. the president will out spend mitt romney. lou: when you talk about the gorilla there, it's not just union money, but ground forces going to work. are you satisfied that governor romney has a sufficient ground force ready to meet what will be a daunting ground operation on the part of the president obama? >> well, i don't know state-by-state, but i have talked to some of the people...
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i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an american ambassador and three others dead, likely at the hans of terrorists. it is to the rest of conflict is higher now than when the president took office. gerri: does he have that rigt? >> i think he absolutely does. i have been waiting 25 years for the speech. romney david. he was channeling reagan, harkening back to the notion that america uses our economic power to influence events in the world. use our economic power as a weapon. shutting down their economy. using the american military, not to use it, but to have it there to prevent it have to be used for
i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an...
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gerri: even mitt romney in the debate said why not bowles-simpson? it's a balanced approach. you're not in favor of it. >> of course not. he was talking about what simpson bowles says it wants to do sometimes which is restrain spheppedding and have revenue neutral reform. if you read the fine print of simpson-bowles, it takes taxes from 18.5% of gdp, its normal for the last 30 years, to it 2* # 1%, a #.5% increase in taxes of gdp to $5 trillion tax increase over the next decade. $5 trillion tax increase. the spending cuts, of course, have been rejected by obama. he put none of them in the budget. gerri: that's the problem. >> all he wants is the tax increase. gerri: that's the problem in the nutshell. raising taxes they don't want to curb spending. what happens if we go over the fiscal cliff? at the end of the day, we have a choice, go over the cliff or do something; right? here's what happens. 90% of households have a tax increase, average of $35 # 00. these may be citing your numbers here. we got the obamacare taxes coming into place. this is truly a disincentive to saving,
gerri: even mitt romney in the debate said why not bowles-simpson? it's a balanced approach. you're not in favor of it. >> of course not. he was talking about what simpson bowles says it wants to do sometimes which is restrain spheppedding and have revenue neutral reform. if you read the fine print of simpson-bowles, it takes taxes from 18.5% of gdp, its normal for the last 30 years, to it 2* # 1%, a #.5% increase in taxes of gdp to $5 trillion tax increase over the next decade. $5...
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gerri: let's talk about the presidential election for a second. the contenders, mitt romney and obama. romney is getting a bum from his performance in the debate. when you look at the swing states, seems to be doing a little better. is this sustainable and does it put more pressure on ryan to have a really good night? >> it is not sustainable. i have a specific reason for that. when you look at this data when you see is the romney campaign was a great performance by romney and a bad one by the president. that shows up and there has been movement. the bulk of a movement has been with women. if you look at the polls, women are in a dead heat between romney and obama. the only republican or the last republican to win against the democrat was george herbert walker bush in 1988. i don't think that will happen. what will happen is you will start to see women shifting back not as far as they were prior to the debate but that will retract a little bit. ryan has to go out and keep those women and keeps that moved. joe biden -- these guys will be talking to
gerri: let's talk about the presidential election for a second. the contenders, mitt romney and obama. romney is getting a bum from his performance in the debate. when you look at the swing states, seems to be doing a little better. is this sustainable and does it put more pressure on ryan to have a really good night? >> it is not sustainable. i have a specific reason for that. when you look at this data when you see is the romney campaign was a great performance by romney and a bad one...
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. >> mitt romney does it is not was treated sesame street. taking and our enemies. >> these are tough times with real serious issues. you have to scratch your head when the presence as the last week talking of a saving big bird. gerri: we are scratching our heads. the president to make all the jokes we want. sesame workshop and its subsidiaries get about $8 million a year. this is on top of corporate donations and distribution fees. each your sesame were just as 134 million in operating cost. already on the books. $289 million in assets. now broken down about $29 million in cash and the like. another 129 of 21 million in investments. rest assured, mr. president, even if mitt romney has his way and the ridiculous $8 billion is spent on pbs goes away, big bird will not be out of the nest or even out of a job. if you keep spending taxpayer dollars like this hopefully you will be the one of a job. that's what i think. here's our question tonight. no tax dollars should be going to big bird. do you agree? but on the right inside of the screen in th
. >> mitt romney does it is not was treated sesame street. taking and our enemies. >> these are tough times with real serious issues. you have to scratch your head when the presence as the last week talking of a saving big bird. gerri: we are scratching our heads. the president to make all the jokes we want. sesame workshop and its subsidiaries get about $8 million a year. this is on top of corporate donations and distribution fees. each your sesame were just as 134 million in...
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. >> for months mitt romney and president obama have attacked each other, talked past each other, but three times this fall they face each other. debates can make a big difference. >> you'll never have as many people watching your two candidates together in a presidential election as you have on debate night. >> the campaigns can't control the debate the way they control everything else. >> no matter what you do as a manager to get them ready, he's still got to step in the arena. it's just two of them. you don't know. >> it's three agencies of government when i get there that are gone. commerce, education, and the -- what's the third one there? let's see. >> one brain freeze can end your campaign. >> the -- umm. >> commerce? commerce. and let's see -- >> rick perry was a serious contender until this debate. >> oops. >> forgetting is bad, and looking bad is bad. in the very first tv debate, richard nixon refused to put on makeup. it hurt him. nixon later said -- >> more important than what you say is how you look on telesion. >> so campaigns obsess over details. when ronald reagan deba
. >> for months mitt romney and president obama have attacked each other, talked past each other, but three times this fall they face each other. debates can make a big difference. >> you'll never have as many people watching your two candidates together in a presidential election as you have on debate night. >> the campaigns can't control the debate the way they control everything else. >> no matter what you do as a manager to get them ready, he's still got to step in...
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one take away, paul ryan spent his dae by the time talking about mitt romney. joe biden spent his debate time talking about joe biden and that's the different. the goal of a vice-presidential debate do no harm and promote the guy on the top job and pretty clear that joe biden thinks he should have the top job. stuart: and a clear question, going into the debate the romney camp clearly had momentum. do you think that debate stopped that forward momentum for the romney camp? >> i really don't. let's say that the snap polls you cited earlier and that joe biden won going away. i don't concede that fact, if it is true, 1988 probably the best performance of a vice-presidential nominee, lloyd benson and george w. bush still won 40 states. and the vice-presidential debate is not really all that impactful to the overall trajectory of the campaign and i think that paul ryan did a good enough job and did enough to promote mitt romney and really mitt romney the person and joe biden admitted that mitt romney is a good man and i think that's what had to come out of debate an
one take away, paul ryan spent his dae by the time talking about mitt romney. joe biden spent his debate time talking about joe biden and that's the different. the goal of a vice-presidential debate do no harm and promote the guy on the top job and pretty clear that joe biden thinks he should have the top job. stuart: and a clear question, going into the debate the romney camp clearly had momentum. do you think that debate stopped that forward momentum for the romney camp? >> i really...
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the idea that if you drop the marginal rate, the point down to 20% essentially what romney is talking about, then people who make income, actually, their taxes go down in only one way, if they make more income, and that's the incentivizization to make more income because you're not giving back 35% to the government. when we lower marginal tax rates, we get more from the people output in the society. >> jonas, you believe we need tax increases in the long run, in the short run, what is going to get jobs. >> and there's nothing you can do to the tax code that isn't going to hurt the job market. >> lower the marginal rates. >> you say romney wants to lower the raets and remove the deduction, let's say he removes the mortgage deduction, home builder, you're going to hire more people, and if they remove it, hire more people, probably not. you're going to bring net knew revenue to the government. not going cut enough you're going to hurt the job market. now, specifically, if you hit the high end, like they want to do, let's say they did that, and yeah, that's, that's tax, when you tax peopl
the idea that if you drop the marginal rate, the point down to 20% essentially what romney is talking about, then people who make income, actually, their taxes go down in only one way, if they make more income, and that's the incentivizization to make more income because you're not giving back 35% to the government. when we lower marginal tax rates, we get more from the people output in the society. >> jonas, you believe we need tax increases in the long run, in the short run, what is...
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romney said over and over again, talked about job growth. >> but it was general. he didn't get to the american spirit-- >>> he gave us -- i agree. he could have been -- yeah, i agree. they are linked together. it ties in to foreign policy as well. that's where romney needs to go. >> sean: last word, pat? you get the last word. >> look. thank you. i like that. look, the thing have you to do, you have to defeat the chicago narrative here. romney can do that. i think the most important thing, as doug said is to press the big issue, not dancing with the spiking the ball that we just heard from your previous guest. but going after what romney is talking about, particularly the big thing that scored. he has been bipartisan and the other one that the democrats and independents care bthe issues of government. >> sean: coming up, pat was talking about benghazi. we have been asking repeatedly this program, did the obama administration do everything they could do to protect ambassador stevens and three other american who is died by his side? tone, we have hard evidence that
romney said over and over again, talked about job growth. >> but it was general. he didn't get to the american spirit-- >>> he gave us -- i agree. he could have been -- yeah, i agree. they are linked together. it ties in to foreign policy as well. that's where romney needs to go. >> sean: last word, pat? you get the last word. >> look. thank you. i like that. look, the thing have you to do, you have to defeat the chicago narrative here. romney can do that. i think the...
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of the speech yesterday from governor romney where he talked about defense cuts and his proposals, paul ryan voted for the sequester and cuts, how does paul ryan defend his original budget and medicare proposals in contrast to what governor romney is now proposing? >> well, what matters now is, what is governor romney's plan going forward and paul ryan has signed up for the romney plan. specifically with respect to the sequester, governor romney is opposed to it. in fact, when that was decided last summer governor romney issued a statement specifically mentions the prospect of some devastating cuts to our national defense budget should sequestration become necessary. so the governor has made it a priority to reverse the obama defense cuts. it's not just the $500 billion that will happen as a result of sequestratio sequestration, another $500 billion in the works. the president's defense secretary has said the combination of the obama defense cuts with sequestration will be devastating to our military. it will further weaken our standings in the world and embolden our adversaries. >> wha
of the speech yesterday from governor romney where he talked about defense cuts and his proposals, paul ryan voted for the sequester and cuts, how does paul ryan defend his original budget and medicare proposals in contrast to what governor romney is now proposing? >> well, what matters now is, what is governor romney's plan going forward and paul ryan has signed up for the romney plan. specifically with respect to the sequester, governor romney is opposed to it. in fact, when that was...
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what we're talking about here for romney election, it has absolutely skyrocketed. probably in the low 30s at the end of september and up around 50. and, you know, put open interest is probably 30% higher than call open interest, that's highly unusual for pretty much any stock. >> and we should remind everybody, you can catch more health care coverage at healthy week.cnbc.com, and tune in for coverage of the vice presidential debate. let's also talk coal stocks because coal and coal stocks have been on fire, forgive the pun. since it was perceived that mitt romney was gaining some momentum over president obama. and of course, after he said i like coal. so what do we see here? mike in terms of the options run we've seen in these stocks. >> yeah, we've seen a lot, actually, finally, of bullish activity. these things were all but left for dead. ticker anr saw a lot of november 8 call activity earlier today, probably almost 10,000 of those contracts have traded at about $1.06, a bet that the stock will be above $9, above shortly thereafter, december, 9 and 10 calls beca
what we're talking about here for romney election, it has absolutely skyrocketed. probably in the low 30s at the end of september and up around 50. and, you know, put open interest is probably 30% higher than call open interest, that's highly unusual for pretty much any stock. >> and we should remind everybody, you can catch more health care coverage at healthy week.cnbc.com, and tune in for coverage of the vice presidential debate. let's also talk coal stocks because coal and coal stocks...
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so we talked to romney's state director and the local chair. here's how they see the race. >> we've got a lot of people who voted for obama in '08 who were independents in our victory centers saying i'm trying to make up for my vote in '08. >> the energy that's building among the democratic base and among those independents who supported the president four years ago, that's happening again right now. >> and so you get a sense that both sides feel confident. it's really hard to tell, chuck, which way it will go because as we went block by block, we saw u a lot of energy on both sides, so it's about repeating for democrats. about trying to get back to tradition for republicans. chuck? >> we're going to do this one county at a time if we're lucky. there are not that many swing counties in the battleground states. thank you very much. >>> the world bank has cut its outlook for china. becky quick is here. i imagine fear of china in slow growth will spook the markets today? >> that's what's happening, chuck. we've been watching this morning. we've be
so we talked to romney's state director and the local chair. here's how they see the race. >> we've got a lot of people who voted for obama in '08 who were independents in our victory centers saying i'm trying to make up for my vote in '08. >> the energy that's building among the democratic base and among those independents who supported the president four years ago, that's happening again right now. >> and so you get a sense that both sides feel confident. it's really hard to...
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we are seeing a big push in ohio for mitt romney as well as president obama. we know that no republican has ever taken the white house without taking ohio. "the new york times" article that they have out also talks about african-american voting battleground states like north carolina. which president obama won by just 14,000 votes in '08. certainly could be a key in this re-election. article also notes the presidential election got 100% of african-american women's vote in north carolina. do you think -- it is voter enthusiasm that's the problem? this time around. >> i mean, i think that these women are not as excited this turnaround but, treatmently loyal. and don't forget about michelle obama. the power that she has with african-american women. while we -- really do appreciate what the president has done, i think a lot of black women are looking to say basically well, we appreciate what has been done, we want to see more. we want to know what he is going to do for us specifically. and so we look at the first lady and we know that's his number one adviser. tak
we are seeing a big push in ohio for mitt romney as well as president obama. we know that no republican has ever taken the white house without taking ohio. "the new york times" article that they have out also talks about african-american voting battleground states like north carolina. which president obama won by just 14,000 votes in '08. certainly could be a key in this re-election. article also notes the presidential election got 100% of african-american women's vote in north...
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when romney talked about russia being our number one geopolitical foe. he started that conversation and unfortunately it hasn't continued. jenna: if you look a different administrations out of the past that have failed to do that, really engage, why? >> i think the united states wanted to integrate both china and russia, to bring them in and engage them and we felt if we criticized them that would sort of hurt and undermine that process. unfortunately the russians and the chinese have just seen what was a gesture of friendship on our part, they've interpreted as a sign of weakness so they press the advantage. and after four decades of engagement of china china has become very belligerent and hostile original leave. our policies are obviously not working. this is the reason why we need to have this conversation. jenna: it will be interesting to see fit comes up in the vice presidental debate or the presidential debate yet to come. thank you for your perspective. bill: governor mitt romney riding a surge of momentum after his first debate with president ob
when romney talked about russia being our number one geopolitical foe. he started that conversation and unfortunately it hasn't continued. jenna: if you look a different administrations out of the past that have failed to do that, really engage, why? >> i think the united states wanted to integrate both china and russia, to bring them in and engage them and we felt if we criticized them that would sort of hurt and undermine that process. unfortunately the russians and the chinese have...
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i hope we get to talk about the debate. but the entire reason that this has become the -- you know, political topic it is is because of mitt romney and paul ryan. it's a big part of their stump speech. it's reckless and irresponsible. >> sean: maybe next, they will blame big bird. cutter stood by those outrageous claims when she appeared on special report with bret baier, trying everything to blame anybody else for the tragedy in libya. >> what are you suggesting here? are you suggesting that we are playing politics with this? >> i am not suggesting anything -- >> have you -- >> the entire reason this has become the political topic, four people are dead i. absolutely. this administration, let me get my sentence out this. administration has treated this entire tragedy with the utmost seriousness to get to the bottom of the attack, hold the perpetrators accountable and make sure that it never happens again. that's why we are being responsible and dill gent about -- dill jept investigation. at the same time, we have two people
i hope we get to talk about the debate. but the entire reason that this has become the -- you know, political topic it is is because of mitt romney and paul ryan. it's a big part of their stump speech. it's reckless and irresponsible. >> sean: maybe next, they will blame big bird. cutter stood by those outrageous claims when she appeared on special report with bret baier, trying everything to blame anybody else for the tragedy in libya. >> what are you suggesting here? are you...
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i talked to ted olson and david boyce about it today. watch. mitt romney and paul ryan are pledging a federal constitutional amendment to define marriage as only for straight people at the federal level, which is unchanged from a george w. bush promise that went unfulfilled. they're also promising to defend doma with the democrats stopping doing that right now under this administration, the house republicans are defending doma. why isn't the republican party following public opinion on this? and why would you want to elect mitt romney and paul ryan in this circumstance given how you feel about it? >> you may have overlooked the fact that for the last few weeks i've been joe biden. >> mr. olson has been playing the part of joe biden in paul ryan's debate prep which will help paul ryan get better at debating which will help him become vice president which would be bad for gay rights. right? >> or could persuade him on this issue. don't under state the possibility that dialogue and talking about these issues makes a difference. not just independen
i talked to ted olson and david boyce about it today. watch. mitt romney and paul ryan are pledging a federal constitutional amendment to define marriage as only for straight people at the federal level, which is unchanged from a george w. bush promise that went unfulfilled. they're also promising to defend doma with the democrats stopping doing that right now under this administration, the house republicans are defending doma. why isn't the republican party following public opinion on this?...
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mitt romney staying within striking distance of the president. coming in two points behind the president after essentially winning last week's debate. a long way to go before november 6th. our chief washington correspondent john harwood is here with more. good morning. i know you were aware of some saying that by the weekend the race would be tied. this morning you tweeted as to whether or not that is now actually true. >> reporter: yeah, matthew dodd who was a bush campaigner in 2000, 2004 said we'll have a tied race by monday. we're not quite there yet. it's tied in the rasmussen poll at 48 which featured in the weekend post-debate poll. romney was ahead by two points. there was some impact from the unemployment numbers on friday, you look at the data since the debate it's a 47-47 tie. there's big events coming up. the first debate was the biggest thing since the conventions. now this thursday on the 11th you've got paul ryan and vice president joe biden. this is going to be very important for obama's effort to stave off romney. then on the 16t
mitt romney staying within striking distance of the president. coming in two points behind the president after essentially winning last week's debate. a long way to go before november 6th. our chief washington correspondent john harwood is here with more. good morning. i know you were aware of some saying that by the weekend the race would be tied. this morning you tweeted as to whether or not that is now actually true. >> reporter: yeah, matthew dodd who was a bush campaigner in 2000,...
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let's talk about this for a few moments. cnbc contributor jared bernst n bernstein. jared's got a lot at stake in this debate. >> and art laffer, laffer investments chief investment officer. i want to start with my pal, art laffer. where does this $5 trillion number come from and is it a good or bad thing, the romney tax reform? >> i think the romney tax reform is wonderful. i think what the president did was i think he looked at all the tax rate reductions and didn't realize that romney was also proposing a huge increase in the tax base by eliminating deductions, exemptions, exclusions and other loopholes. and there are lots of them that could be eliminated that will bring it to revenue-neutral. and romney promised it would be revenue-neutral. and i believe him. i think it would be great. i don't know why obama didn't take that issue himself -- >> art, let me say first of all, it's great to see you, art. >> lovely to see you, jared. >> you guys must be very pleased. this is very much your agenda. and i get that, okay. it's not my agenda, but it's yours and i respect
let's talk about this for a few moments. cnbc contributor jared bernst n bernstein. jared's got a lot at stake in this debate. >> and art laffer, laffer investments chief investment officer. i want to start with my pal, art laffer. where does this $5 trillion number come from and is it a good or bad thing, the romney tax reform? >> i think the romney tax reform is wonderful. i think what the president did was i think he looked at all the tax rate reductions and didn't realize that...
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if you want to look at romney, what is the one thing he should do in the next debate? he should go after the fed and talk about savers in individuals and corporations and rebalancing policy a little bit. >> they wouldn't be able to accuse him of not having done that. he's also said he's getting rid of bernanke day one. >> you packed the fed with neokeynesian socialists who don't understand housing is the major conduit for policy. if two-thirds of the country can't get refinanced right now, obviously policy is ineffective and they don't want to deal with this and start with bank of america. i'd put something on zero hedge, i want a big fund to come me to do a hostile takeover of bank of america, restructure it and make money. if you have the vision you can create value and all of the sudden the bank is supporting growth again. >> thank you, we appreciate it. neokeynesian -- >> socialist. >> socialist. i may use that. >> paul krugman. >> yeah. >> let's look at the markets this morning, you'll see the u.s. equity futures are indicated higher, dow futures up by about 42 po
if you want to look at romney, what is the one thing he should do in the next debate? he should go after the fed and talk about savers in individuals and corporations and rebalancing policy a little bit. >> they wouldn't be able to accuse him of not having done that. he's also said he's getting rid of bernanke day one. >> you packed the fed with neokeynesian socialists who don't understand housing is the major conduit for policy. if two-thirds of the country can't get refinanced...